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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ken M who wrote (28706)	3/2/1999 12:15:00 AM
From: Philip Williams	Respond to of 70976

Ken M, At the very least, wait for the stock to retest the support of the lows it created yesterday. Friday's (implied) support did not hold this morning, and it will be interesting to see what happens on Tuesday at the open. If the stock bounces strongly off support, then there's hope for a short term bounce. However, the market is not being kind to this sector (to put it mildly) and while there are those who will tell you the most important decision is not when to buy a stock, but whether to do so or not (in other words, doesn't matter when you get in if you believe in the company and you're in for the long haul), why spit upwind? () Right now you have the luxury of waiting out the storm--and believe me, we're still in the thick of it. Don't be surprised if you have better opportunities in the very short term. Regards, Philip Commonly referred to as, 'Don't try to catch a falling knife.' But, hey, that sounds all too tempting . . . slap your palms around the blade without getting cut. But spitting upwind--more more graphic.